Marketwire 06/20/12 –
WePay, the easiest way to accept payments online, today announced a partnership with Fundable.comto power payments for the company’s crowdfunding platform. The WePay API enables companies like Fundable to allow their users to start accepting payments instantly, without requiring users to have a pre-existing merchant account. The Marketplace API provides Fundable with a fully compliant payment solution, without compromising the platform’s user experience.
Crowdfunding platforms raised $1.5 billion in 2011 and successfully funded more than one million campaigns. The recently passed JOBS Act (also known as the Crowdfunding Bill), which will allow startup companies to publicly raise money from non-traditional investors, has led to explosive growth in the crowdfunding space.
“As crowdfunding evolves into a legitimate source of funding for small businesses, the technologies used to facilitate transactions must keep the pace,” said Bill Clerico, CEO of WePay. “WePay’s payment API is uniquely designed to provide the ease-of-use, compliance, and flexibility to support the rapidly growing demand for crowdsourced payments.”
“The Crowdfunding Bill signals a massive shift in access to capital by startup companies,” said Wil Schroter, Fundable CEO and co-founder. “It is an incredible feeling to contribute and help make someone’s startup dream a reality, and we wanted to make sure that the payment experience didn’t get in the way of that. The WePay API allows us to focus on the user experience and remove as many obstacles as possible to maximize conversion.”
Benefits of the WePay/Fundable Partnership:
Fundable is one of many companies that have turned to WePay’s API for a complete, easy to use, and compliant solution for accepting payments online. Other companies using the API include Rock the Post (www.rockthepost.com), GoFundMe (www.gofundme.com), and Bellstrike (www.bellstrike.com).
WePay is the easiest way to accept payments online. WePay offers a suite of tools that allow merchants and non-profits to start accepting payments online in less than two minutes. WePay was founded in 2008 and is headquartered in Palo Alto, CA. WePay has raised $20 million in venture financing from Ignition Partners, Highland Capital Partners, August Capital. For more information visit https://www.wepay.com or follow us on Twitter or Facebook.
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